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Last year Rosgeologia discovered 40 new deposits, including those containing rare-earth metals, gold and silver. In addition to prospecting, the enterprise was also working in the field of digitalization. The project to develop digital geology was named Geologia 4.0. The program includes the option of using new technologies in prospecting, for example, drones. Rosgeologia has…
DetailsMetalloinvest and ChelPipe Group held their 36th Coordination Council meeting at the Chelyabinsk Pipe Rolling Plant (a part of ChelPipe Group). Experts from the two companies discussed production and commercial issues, outlined further steps in their cooperation strategy around product quality improvement and highlighted the positive impact of the modernization of equipment at the Sheet…
DetailsAlexander Nastenko and Vitaliy Yakimenko have become new owners of the Lira Mining Minerals LLC, which has a special license to mine gold ore in Kirovograd region. In September 2019 the State Service of Geology and Subsoil issued a special license No. 6371 to mine for natural resources at the Central and Gubovsky sites of…
DetailsIn 2019 Donetsk Railroad transported 42.9 million tons of cargo, down by 5.5% YoY. In particular, 15.6 million tons of coal were transported, up by 8.9%, or 42.8 thousand tons per day on average (626.7 cars). Transportation of ferrous metals grew by 1.2%, to 7.35 million tons, while that of fluxes dropped by 3%, to…
DetailsIn 2019 Dalpolymetal increased output by 16.6%. In particular, polymetallic ore extraction totaled 1 million tons, and processing – 990.6 thousand tons. Lead concentrate output grew by 10.9%, to 17.9 thousand tons, and zinc concentrate – by 8.4%, to 38.3 thousand tons. (Ukrainian metal)
DetailsAs of January 13 Solntsevsky Coal Pit has mined 84.6 thousand tons of coal. 33.8 thousand tons have been exported. This year the company intends to extract and sell 10 million tons of coal. (Ukrainian metal)
DetailsThe Association of steel construction development (ARSS) has checked the correspondence of the Andrometa Metal Structures Works to the STO ARSS 11251254.001-018-5 standard (Manufacture and quality control of steel construction structures). The works has successfully passed the audit. At the end of 2019 the company received a corresponding certificate. (Ukrainian metal)
DetailsKyshtym Electrolytic Copper Plant, a part of the Russian Copper Company, will soon start producing copper electrolytic foil. The company will have a new shop with capacity of 1.2 thousand tons per year. Investments will exceed 3 billion rubles. Global market of electrolytic foil is expected to have reached $16 billion by the end of…
DetailsIn late December 2019 metal companies were provided with scrap at the level of 105.2%. The necessary amount was 206 thousand tons, but the companies received 216.8 thousand tons. The largest receivers of scrap in December 2019 were Azovstal, Interpipe Steel and DMK – 53.3 thousand tons, 50.7 thousand tons and 48.6 thousand tons respectively.…
Details17 cars with pellets derailed because of the collision with a locomotive in Kriviy Rih. The accident happened not far from the Artem-1 mine of ArcelorMittal Kriviy Rih. According to the preliminary information, none was injured. (Ukrainian metal)
DetailsIn 2019 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 0.8% YoY, to 10.519 million tons. At the same time manufacture of high-quality pellets with iron content of 65% of the company own ore grew by 3%, to 10.116 million tons. Sales last year totaled 10.3 million tons (10.227 million…
DetailsAverage retail prices of coal as of January 9, compared with December 2019, decreased by 25.14 soms per ton, the National Statistical Committee of Kyrgyzstan reported. As of January 9, the maximum average consumer prices for coal were registered in Nookat (7,532.55 soms per ton) and Batken (7,318.61 soms per ton). Prices have not changed…
DetailsLast week the price of one ounce of gold increased by over 84.9 manats ($49.9) or by 3.2%. Accordingly, the average price of one ounce of gold stood at 2,659 manats ($1,564). The price of one ounce of silver grew by 0.3843 manats ($0.22) or by 1.3%, to 30.8 manats ($18.1). The price of one…
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